Name of the Project
Dasa uranium project.

Location
Tim Mersoï basin, Niger.

Project Owner/s
Global Atomic Corporation.

Project Description
A feasibility study has confirmed that the Dasa project is economically compelling, even at $35/lb of uranium. The study focused solely on Phase 1.

The project has a mineral reserve of 4.3-million tonnes grading 5 184 parts per million of uranium.

The project is expected to recover 45.4-million pounds of uranium over 12 years.

The project will use operationally proven uranium processing techniques, comprising dry semiautogenous grinding and classification; pug-leaching and curing; a uranium extraction circuit (repulping and solid/liquid separation); a uranium purification and precipitation circuit; drying and packaging.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $157-million and an internal rate of return of 22.7%, with a payback of five years.

Capital Expenditure
$208-million, including a 10% contingency.

Planned Start/End Date
The project aims to produce its first yellowcake for sale by January 2025.

Latest Developments
Global Atomic has signed a definitive contract with CMAC-Thyssen Mining Group, to start operations at the Dasa project site in April 2022.

CMAC will collar the portal and complete more than 8 000 m of horizontal and vertical underground mine development within the ensuing 24 months to prepare stopes for commercial operations.

Key Contracts, Suppliers and Consultants
CMAC-Thyssen Mining (collaring the portal and underground mine development).

Contact Details for Project Information
Global Atomic Corporation, tel +1 416368 3949 or email info@globalatomiccorp.com.